EXAMPLE Full Cost Entries a. Tyler Company acquired shooting rights to 10,000 acres, paying $5,000. Entry G&G costs-nondirect. Cash... 5,000 5/00 Note that although these G&G costs are recorded as capitalized costs, they are not dehis to unproved property control. They are instead recorded as nondirect G&G costs, beca they could not be associated with a specific unproved property when incurred. b. Tyler Company then hired Davis Company to conduct the G&G work and paid the company $30,000. Entry G&G costs nondirect Cash Ex Em 30,000 30,000 Un c. As a result of the G&G work, Tyler Company decided to lease the following propert Lease Acres A 1,000 B 1,500 Bonus S/acre $25 20 Legal Costs & Recording Fees $ 500 1,000